Invesco Ltd. Purchases 25,028 Shares of Vital Farms, Inc. (NASDAQ:VITL)

Invesco Ltd. lifted its stake in shares of Vital Farms, Inc. (NASDAQ:VITL - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 229,179 shares of the company's stock after buying an additional 25,028 shares during the quarter. Invesco Ltd. owned 0.52% of Vital Farms worth $8,638,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of VITL. CIBC Private Wealth Group LLC raised its position in shares of Vital Farms by 152.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 895 shares of the company's stock worth $35,000 after buying an additional 540 shares in the last quarter. US Bancorp DE boosted its stake in Vital Farms by 160.3% during the 4th quarter. US Bancorp DE now owns 1,416 shares of the company's stock valued at $53,000 after purchasing an additional 872 shares during the period. Frazier Financial Advisors LLC bought a new position in Vital Farms during the fourth quarter valued at about $59,000. Mendota Financial Group LLC bought a new position in Vital Farms during the fourth quarter worth about $62,000. Finally, Principal Securities Inc. increased its holdings in shares of Vital Farms by 29.4% during the fourth quarter. Principal Securities Inc. now owns 1,673 shares of the company's stock worth $63,000 after buying an additional 380 shares in the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Vital Farms

In other Vital Farms news, insider Matthew Ohayer sold 4,000 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $31.39, for a total transaction of $125,560.00. Following the completion of the sale, the insider now directly owns 6,966,890 shares in the company, valued at $218,690,677.10. This represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Russell Diez-Canseco sold 45,124 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $33.69, for a total value of $1,520,227.56. Following the sale, the chief executive officer now owns 703,736 shares in the company, valued at approximately $23,708,865.84. This trade represents a 6.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,124 shares of company stock worth $3,019,308 over the last quarter. 27.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on VITL. Telsey Advisory Group reiterated an "outperform" rating and set a $52.00 target price on shares of Vital Farms in a report on Thursday, March 13th. DA Davidson reduced their price target on Vital Farms from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, March 14th. TD Cowen upped their price objective on shares of Vital Farms from $41.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Stifel Nicolaus upgraded shares of Vital Farms from a "hold" rating to a "buy" rating and set a $44.00 price target for the company in a research report on Friday, February 28th. Finally, Morgan Stanley cut their price target on shares of Vital Farms from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $44.71.

Vital Farms Price Performance

Shares of VITL stock traded down $0.23 during midday trading on Friday, reaching $33.38. 455,532 shares of the company traded hands, compared to its average volume of 1,042,512. The firm's 50 day simple moving average is $32.16 and its two-hundred day simple moving average is $35.39. The firm has a market cap of $1.49 billion, a PE ratio of 29.80 and a beta of 0.96. Vital Farms, Inc. has a 1-year low of $24.87 and a 1-year high of $48.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.24 and a quick ratio of 2.81.

Vital Farms (NASDAQ:VITL - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.08. The business had revenue of $165.99 million for the quarter, compared to the consensus estimate of $160.32 million. Vital Farms had a net margin of 8.68% and a return on equity of 22.29%. On average, equities research analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current fiscal year.

Vital Farms Company Profile

Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.